Why Bitcoin Is Ideal For Sports Betting Business?

Bitcoin is a secured, decentralized and untraceable cryptocurrency. Which means that people who receive a payment won’t obtain any sensitive personal information from the sender. As a bookie, you should know it is very important to keep your anonymity as much as possible to avoid any entanglement. Besides, bettors can easily transfer funds from their Bitcoin wallet to their bookie agents in seconds. And bookies will return funds via the same payment method without having any complication or delay. As a result, due to its high privacy and convenience, this is why Bitcoin makes so perfect for both bookies and players. Today, in this article, you will learn why Bitcoin is ideal for sports betting business.

Extra layer of security and privacy

First of all, using Bitcoin is necessary since bookie business is all about handling the money. However, hackers find more interested to target money businesses since they are a good mine for financial information. Although a good Pay Per Head provider like Price Per Head offers software with high security features and even closely monitor your site for blips in normal backend patterns, using Bitcoin can guarantee you with an extra layer of security.

How can Bitcoin provide an extra layer of security and privacy? 

Cryptocurrency like Bitcoin is recorded on device drives with no personal information attached to the account. In other words, it doesn’t require any personal data embodiment but uses cryptography which generates random address for each transaction without revealing anything about the identity.

Discretion and anonymity

Bitcoin is not tied to any central financial institution and all the payment data is kept private as person-to-person transfer. Which means that no government entities can control or trace your financial activities. This is to say bookie business should seriously consider using Bitcoin by the need for discretion in both bookies and players online betting activities.


Another big reason why Bitcoin is important for sports betting business is its speed. Bitcoin transactions are instantaneous for bringing either bookies or players’ maximum convenience. Time is no longer an issue when you are waiting to receive or make a payment.

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What Are The Advantages Of Using Bitcoin?

If you are a bookie and you don’t know about Bitcoin, you are probably missing out on the major opportunity that you could ever have for the success of your bookie business. Actually, betting with Bitcoin is the trend for future online gambling market because there are so many advantages. Now, it’s the time for you to see how amazing is using Bitcoin and know its advantages.

No country boundary

First of all, as a bookie, you should already know that accepting payments from your players is not easy especially when your customers are from other countries. Some countries even restrict the financial transactions when it comes to the gambling purposes and make it very difficult for bookies to run the business. This is how Bitcoin contributes the great help since it has no country boundary limits for people to send and receive the money.

No middlemen

Bitcoin is just like the virtual cash. The funds that you send and receive are peer to peer without having any middlemen involved. Therefore, it’s very quick and safe since no one can block or question any of your transactions from there.

Cheaper and lower fees

You probably won’t believe that Bitcoin is even much cheaper than many other payment methods. In fact, there is no additional withdrawal fees for Bitcoin payments, which can help bookies keep more profits in the pockets.

Safe, secure, fast and nearly anonymous

Bitcoin offers the users a safe, secure, fast and nearly anonymous way to manage the money. It uses the Blockchain technology to record registry data and transactions by combining the cryptographic keys without any personal identifying information. Unlike other payment methods such as bank transfers, Paypal or credit card transactions, Bitcoin’s built-in privacy protections could give the hackers a hard time to figure out the user’s true identity. In other words, there are only public keys or numerical codes used to represent Bitcoin users and such system can effectively protect users’ anonymity.

Decentralized system

Bitcoin isn’t created or controlled by any state entity and it won’t be beholden to any political influence either. As a result, its decentralized control structures will leave no others to manipulate or seize your own Bitcoin units even including the government.

In sum, Bitcoin is a safer, cheaper, faster and more private payment method for today’s market. As a great bookie agent, you shall definitely offer your players the possibility of using Bitcoin to bet with you.

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